Scm final Study guides, Class notes & Summaries

LSCM Final Exam 2024 with Complete Solutions What is true regarding optimization models? - ANSWERSOptimization models are based on precise mathematical procedures that are guaranteed to find the "best" solution for the problem under evaluation. What is the effect of tapering rates on facility location? - ANSWERSPulls the location towards the source of the market The grid-technique> - ANSWERSAssumes that the raw materials sources & finished goods market are fixed What type of c...

LSCM FINAL STUDY EXAM QUESTIONS & ANSWERS 2024/2025 The fourth principle of supply chain management is to differentiate products closer to the customer. - ANSWERSTRUE Customer service is anything that touches the customer. - ANSWERSTRUE Given the current situation, especially with new software, transportation buying is comparatively easy. - ANSWERSFALSE Acme Battery distributes its batteries to warehouses, where they are stored until ordered by a retailer. The warehouses are locate...

LSCM Final Review Exam Questions & Answers 2024/2025 Some individuals describe the current consumer as the "click here" generation because - ANSWERSwe no longer wait for information to be "pushed out" to us Logistics, in its simplest form, - ANSWERScombines inbound logistics with the outbound logistics of physical distribution. One of the major challenges of supply chain management is - ANSWERSmaintaining the visibility of inventory Performance measurement is important because ...

SCM Final Exam UPDATED Exam Questions and CORRECT Answers Supply chain coordination requires each stage of the supply chain to take into account the impact its actions have on other stages. - CORRECT ANSWER- True With an uncoordinated supply chain each stage tries to maximize its own profits, resulting in actions that often increase total supply chain surplus. - CORRECT ANSWER- False The bullwhip effect results in improved supply chain coordination. - CORRECT ANSWERFalse The bullwhip ...

lscm final review exam 1 questions & answers 2024/2025 order cycle - ANSWERSthe time that elapses from when a customer places an order until the order is received Peope - ANSWERSare a major barrer to the effective use of information technology Price and quality - ANSWERSwere 3PL selection factors space utilization - ANSWERSmeasured as a percentage of capacity used to capacity abailabl in cubic feet or storage slots resource productivity - ANSWERSmeasured as the ratio of real out...

NUFT 204 - Respiratory Assessment Final Exam Questions and Answers Latest Update 2024/2025 (100% SOLVED) What body systems work together to supply oxygen to the body? - ANSWER Cardiovascular and respiratory What is the major function of the lungs? - ANSWER Continuous gas exchange between inspired air and blood in the pulmonary circulation What are the 3 steps of respiration? - ANSWER 1. Ventilation 2. Perfusion 3. Diffusion What is ventilation? - ANSWER When oxygen comes into the lungs W...

LSCM final review exam 2 2024 with 100% correct answers In our class, we discussed what happens when a driver is late in a scenario without supply chain visibility. Select the correct statement below to describe the issue. - ANSWERSIn every organization, there are multiple calls, emails, and conversations. The issue multiple across the supply chain so that even a small exception such as a late driver can cause great inefficiency. There are 4 key issues in supply chain execution and trans...

LSCM FINAL EXAM QUESTIONS & ANSWERS 2024/2025 Total annual ORDER COST in the simple EOQ model is a function of the cost of placing an order and: - ANSWERSthe number of orders per year Time utility depends on - ANSWERSTransportation companies delivering on time to customers. If there is demand variability and you place an order (re-order point) when the units at hand equal average demand during lead time, you will - ANSWERS Which of the following statements is incorrect? - ANSWERS ...

LSCM FINAL EXAM 3 QUESTIONS & ANSWERS 2024/2025 Inventory is an ASSET on the balance sheet and a(n) ____ on the income statement. - ANSWERSexpense Direct-to-customer Drop-Shipped Fulfillment means: - ANSWERSDirect shipment to retailer bypassing the retailer's network The ____ the profit margin, the ____the revenue equivalent for a given logistics cost savings. - ANSWERSHigher-higher Which of the following is INCORRECT regarding reverse logistics? - ANSWERSGlobalization of business...

LSCM Final Review Exam 2 Questions & Answers 2024/2025 Pareto Analysis may be used to classify parts, customers, or activities. When determining the pareto segments to classify oarts, you should: - ANSWERSThere will rarely be a clean break at the 80% (or 20%) point so your cut-off is subjective; however the general 80-20 relationship still holds. The objective of inventory management is to: - ANSWERSIncrease corporate profitability All of the following are reasons for holding inventor...